apter Problems-Stocks and Their Valuation Back to Assignment Attempts Keep the Highest/2 1. Problem 9.03 (Constant Growth Valuation) EM eBook Holtzman Clothiers's stock currently sells for $31.00 a share. It just paid a dividend of $2.25 a share (.e., Do $2.25). The dividend is expected to grow at a constant rate of 5% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent. $ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. % Grade it Now Save & Continue Continue without saving